The German Industry and Commerce in Vietnam (GIC) in coordination with Messe Dussedorf Group held the conference "Trends of the packaging industry in Vietnam and world -Introducing the Interpark 2017" at New World Hotel yesterday.

Hundreds of Vietnamese packaging enterprises take part in the interpark 2017's meeting in HCMC

The Interpark 2017 is the process and packaging leading trade fair and attracts thousands of enterprises from a dozen countries worldwide. The organization board said around 2,700 exhibitors has registered to take part in the event which is scheduled to take place in German from May 4 to 10, 2017.

The fair features products from supplier industrial of the packaging sector and offering products and solutions in packaging technology and related processes as well as packaging media and materials for the various segments of this industry: food, beverages, confectionery and baked goods, pharmaceuticals, cosmetic, non-food consumer goods and industrial goods.

Mr. Nguyen Ngoc Sang, Chairman of the Vietnam Packaging Association (VPA) said the Interpark 2017 is chance to Vietnamese enterprises exchange and seek partners as well as introduce their products. Especially, Vietnamese enterprises can eye on high technology in the packaging sector. Mr. Sang expects that the packaging sector's growth rate in Vietnam will be 25 percent in 2019 and it requires Vietnamese enterprises must enhance the quality of products to integrate more deeply into the world's market.

Mr. Richard Clemens, Director of the German Food Processing and Packaging Machinary Association said the Interpark 2014 received 174,798 visitors from 163 countries worldwide. Some 2,670 exhibitors from 60 countries took part in the fair. Of these, 67 percent of visitors have acquired new supploers and 95 percent of them have achieved their trade fair target.

Commercial banks have to adjust the limit of cash withdrawals in foreign currency abroad to the maximum equivalent of VND30 million (US$1,280) per day for international credit and debit cards from early this year to meet a central bank regulation.

According to Ms. Ta Thanh Binh, head of the Securities Market Development Department under the State Securities Commission, economic positive prospects this year will create great favorable conditions for Vietnam’s stock market.